URGENT: LastPass Hack Uncovered – Update Your Master Password

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Password managers are a great tool that help agencies manage the many passwords staff use during their day to access online information. Password managers allow you to create complex passwords and store them, so you don’t have to write them down to remember them.

You access the stored passwords using a “master password.”

And that is a vulnerability. If you don’t choose a unique password, a hacker could access the keys to your kingdom.

Last Pass, one of the popular password management programs, announced last Friday they had begun investigating “unusual activity” two weeks prior. They worked with a cyber security and forensics firm. A company spokesman said, “we have no evidence that this incident involved any access to customer data or encrypted password vaults.” That is the good news.

It appears that hackers did gain access to a development platform and certain company source code and other proprietary information.

To emphasize the point, it does not appear at this point that any customer passwords were breached.

And, if you are a Last Pass customer, it’s probably a good idea to go ahead and change your master password, just to be safe.

In the email, I have included links to additional information:

Steve Anderson

Steve Anderson

Often revered as the insurance industry tech guru or the Godfather of Insurtech, Steve Anderson is practically synonymous with innovation. He spent over 22 years as president of The Anderson Network – an authority on insurance agency productivity, technology, and profits – and has served on various boards and committees for IIABA and Big I NY. He’s also the author of the international best-selling book “The Bezos Letters” where he examines “14 Principals to Grow Your Business Like Amazon.”

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